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Tens of millions of dollars have poured back into Pakistan's interbank and openmarkets, dealers say, since raids on black market operators began on Sept. 6. Ninety percent were going to black market dealers, cutting our supply of foreign exchange," Bostan explained. While a crackdown on the black market was needed to stabilise the rupee, it "is a temporary fix," said Fahad Rauf, Head of Research at Ismail Iqbal Securities. High inflation and chronic external deficits lie at the heart of the currency's problem, and closing off people's access to black market dollars risks storing up pent-up demand. "There is an unprecedented demand for the dollar," Hanifullah Mohmand, a trader in the Peshawar market, said.

Persons: Akhtar Soomro, Asim Munir, Malik Bostan, Bostan, General Munir, Haji Luqman Khan, Sheikh Allauddin, ECAP, Fahad Rauf, Ismail Iqbal, Ariba Shahid, Mushtaq Ali, Gibran Peshimam, Simon Cameron, Moore Organizations: REUTERS, Pakistan, Exchange Companies Association of Pakistan, Reuters, Federal Investigation Agency, FIA, Inter, Services Intelligence, ISI, Locals, International Monetary Fund, IMF, Research, Ismail, Ismail Iqbal Securities, Thomson Locations: Karachi, Pakistan, KARACHI, PESHAWAR, Peshawar, Islamabad, Lahore, Quetta, Afghanistan

☆ Airline ticket prices will be cheaper in the fall compared to the summer
▼ + stars: | 2023-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But don’t worry if you missed out — falling ticket prices could make fall the better time to fly. Airfare to top international destinations will drop in the fall as well, with prices to Europe down 31% from summer peaks — nearly $330 off ticket prices. Known as “shoulder season,” airfare typically drops in the fall as demand cools off after the busy summer months. The three major US international airlines — American, Delta and United — all saw a surge in international traffic in recent months and added additional service to meet demand. One factor that could cause ticket prices to increase, however, is rising fuel prices.

Persons: ”, Hopper Organizations: New, New York CNN, Spirit Airlines, —, Federal, “, Frontier Airlines, American Airlines, Labor Locations: New York, Europe, Hopper, Delta, United, America

☆ Here's the inflation breakdown for August 2023, in one chart
▼ + stars: | 2023-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Anadolu Agency | Anadolu Agency | Getty ImagesInflation rose in August on the back of higher gasoline prices, according to the consumer price index. Gasoline was the largest contributor to inflation in August, accounting for more than half of the increase, according to the BLS. This pared-down measure — known as "core" CPI — fell to an annual rate of 4.3% in August from 4.7% in July. On a monthly basis, core inflation rose slightly, to 0.3% in August from 0.2% in July. The increase in monthly core CPI "is a little bump in the road," said Kayla Bruun, senior economist at Morning Consult.

Persons: Andrew Hunter, Hunter, Kayla Bruun, " Bruun, Greg McBride, Ben Bernanke, Olivier Blanchard, Scott Olson Organizations: Anadolu Agency, Getty, Capital Economics, U.S . Bureau of Labor Statistics, CPI, AAA, BLS, Transportation, U.S . Department, Morning, Bankrate, U.S . Federal Reserve, Peterson Institute for International Economics Locations: Virginia, U.S

☆ Here's what Wall Street expects from the Apple iPhone event Tuesday and its meaning for the stock
▼ + stars: | 2023-09-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Apple's launch event, during which it's expected to introduce the iPhone 15 and Apple Watch Series 9, comes amid a tough backdrop for the stock in recent sessions. Long expects a $50 to $100 increase for the iPhone 15 Pro and a $100 to $200 hike for the Pro Max model. What it means for Apple shares Looking ahead, Wall Street sees a positive setup for Apple shares over the long term, but those tailwinds could take time to play out. AAPL YTD mountain Apple shares since the start of 2023. Data analyzed by Bernstein shows a similar pattern for Apple shares before and after a launch event.

Persons: Morgan Stanley, Erik Woodring, Tim Long, Long, CFRA's Angelo Zino, Jefferies, Andrew Uerkwitz, referringto, it's, Wamsi Mohan, Morgan Stanley's Woodring, Bernstein, Toni Sacconaghi, Woodring, Apple, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Apple, Barclays, Apple Watch, Pro, Apple Vision, Bank of America, outperformance Locations: China, U.S

☆ Wedbush: These are the 23 best stocks to buy now from a list that has beaten the market by 5% this year
▼ + stars: | 2023-09-10 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

He also discussed Wedbush's best ideas list: 23 stock picks that have beaten the market YTD. As for the Fed, Merritt isn't particularly concerned about whether it cuts or hikes rates once again this year. The best stocks to buy nowBroadly, Merritt is neutral on equities, primarily because of the opportunity investors have to profit from bonds. Merritt also pointed to Wedbush's Best Ideas List, a collection of the highest-rated equities selected by Wedbush analysts. Wedbush's 23 best stock picks are below, along with each company's ticker and the price target it has been given by a Wedbush analyst.

Persons: Kevin Merritt, Merritt, Jerome Powell's, Jackson, What's, it's, Merritt isn't, Wedbush's, ~ ~$ ) Organizations: Wedbush Securities, Federal Reserve, Investors, Fed Locations: Ukraine, China, Taiwan, Russia

☆ The case for owning stocks over bonds is crumbling
▼ + stars: | 2023-09-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —The allure of owning stocks over less risky investments is at its lowest level in decades, according to one measure, despite the equity market’s race upward this year. At the same time, hot economic data has helped push Treasury yields higher in recent months. Treasury bonds are generally seen as safer investments than stocks, since they’re issued by the US government, which has never defaulted on its debt. One way to calculate that premium is by subtracting the estimated return on nearly risk-free bonds from that of stocks: in this case, the spread between the S&P 500 index earnings yield and 10-year Treasury yield. The bigger question might be: Why did Swift decide to release her highly anticipated film in theaters over a streaming service?

Persons: Bonds, they’re, Treasuries, ”, Seema Shah, Shah, Taylor Swift, Swift, Read, Bryan Mena Organizations: CNN Business, Bell, CNN, Federal, Treasury, Asset Management, Stocks, Federal Reserve, AMC Theaters Locations: Taylor, North America

☆ US consumers are done splurging, Fed report suggests
▼ + stars: | 2023-09-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —After a summer of robust consumer spending, America’s bars, hotels and restaurants say the era of post-pandemic splurging by US consumers has likely drawn to a close. “Consumer spending on tourism was stronger than expected, surging during what most contacts considered the last stage of pent-up demand for leisure travel from the pandemic era,” the report said. Consumer spending rose 0.8% in July, the strongest monthly spending gain since January. But that strength in leisure spending began to level off toward the end of August, the latest Beige Book shows. Still, leisure spending varied by region, with some reporting a noticeable slowing and others saying it is holding steady.

Persons: ”, Taylor Swift, Barbie, “, Morgan Stanley, Goldman Sachs, Susan Collins Organizations: DC CNN, Federal Reserve, Warner Bros, Hospitality, “, Street, Fed, Boston Locations: Washington, Boston Fed’s, Atlanta Fed’s, York, Boston

The Federal Reserve’s survey of economic activity released Wednesday showed an economy that was expanding at a modest pace in the summer but facing the challenge of a tapped-out consumer and a slowing labor market. There is less unanimity about what the Fed will do after that, at its November meeting. Services inflation is still sticky, the economy may be growing faster than the Fed would like and the Chinese economy is in a slowdown. “Fed Governor Christopher Waller told CNBC yesterday that recent labor market data, including a decline in job openings, moderating wage increases, and slower job growth in August are encouraging,” said Jose Torres, senior economist at Interactive Brokers. Having said that, he left the door open for another rate hike because he doesn’t think one more would weaken economic growth significantly given risks remain tilted towards not doing enough.”

Persons: ”, “, ” Rhys Williams, Williams, Christopher Waller, Jose Torres Organizations: CPI, Management, Reserve, Dow Jones, “, CNBC, Interactive Locations: “, Saudi Arabia, Russia

☆ The real reason you're using 'Girl Math' isn't as funny as the TikTok trend would make you think
▼ + stars: | 2023-09-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

"Girl Math" is the humorous TikTok trend where users justify expenses with tricks. "Girl Math" may just be "Buy Now, Pay Later" in disguise, the experts said. "To me, the popularity of the "Girl Math" trend indicates a lot of pent-up guilt around our purchases," said Barrow. That's why it's important to disclose when "Girl Math" is humor instead of fact, said Sara Samuels, a wealth management advisor at Northwestern Mutual. AdvertisementAdvertisementFinancial educator Ellis even suggests setting aside money for savings or an emergency fund every time you make a "Girl Math" purchase.

Persons: Sam James, —, Ashley Morris, Isabel Barrow, Barrow, Erin Ellis, Ellis, Edelman's Barrow, Sara Samuels, Morris Organizations: Service, Consumer Financial Protection Bureau, Philadelphia Federal Credit Union, Northwestern Mutual Locations: Wall, Silicon, Philadelphia, Barrow

☆ Turn to these stocks for high dividend growth and free cash flow yield, Wolfe says
▼ + stars: | 2023-09-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As the economy slows down, investors will want to play defense with dividend strategies, according to Wolfe Research. "In a later cycle environment, dividend growth becomes scarce and investors tend to pay up for companies with high dividend growth," analyst Chris Senyek wrote in a note last week. Therefore, the strategy is to look for names with both high dividend growth and a high free cash flow yield, since investors look to cash flow to support further dividend growth, he said. Comcast has an average analyst rating of overweight and has nearly 10% upside to the average price target, according to FactSet. Lennar is also well-liked by analysts, with an average rating of overweight and about 20% upside to the average price target, per FactSet.

Persons: Chris Senyek, Senyek, Peacock, Morgan Stanley, Benjamin Swinburne, Lennar, Raymond James, Buck Horne, UnitedHealth, Bernstein, Lance Wilkes, — CNBC's Michael Bloom Organizations: Wolfe Research, Comcast, Media, CNBC

☆ What the August jobs report means for the Fed
▼ + stars: | 2023-09-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —The long-robust US job market is continuing to cool, according to several economic indicators released this week. It’s clear the labor market has cooledThere are plenty of signs that the job market has continued to weaken and that momentum is largely expected to continue in the months ahead. The August jobs report showed that average hourly earnings grew at a monthly pace of just 0.2%, or 4.3% annually. “Pretty much everything in the labor market has cooled back to the pre-pandemic temperature,” Julia Pollak, chief economist at ZipRecruiter, told CNN. It’s also possible the job market holds steady if recession fears continue to fade, allowing businesses to address stubborn staffing shortages.

Persons: Jerome Powell, Powell, “, ”, Steve Wyett, ” Julia Pollak, we’ve, Nick Bunker, ” Bunker, It’s, they’ve, ” Pollak Organizations: DC CNN, Federal Reserve, Kansas City, Labor, BOK Financial, Fed, of Labor Statistics, Labor Department, CNN, Commerce Department, US, Banks Locations: Washington, Jackson Hole , Wyoming

☆ Why you might need to start booking your 2024 summer vacation now
▼ + stars: | 2023-09-01 | by ( Blane Bachelor | ) edition.cnn.com time to read: +10 min

But according to some industry experts, it’s not too early to start thinking about – and perhaps even booking – next year’s trip. But Keyes generally advises travelers not to necessarily hit that purchase button as soon as an airline opens up a flight for booking. “While it’s relatively common knowledge that last-minute fares are expensive, what’s far less known is that it’s also possible to book flights too early,” he says. From the hospitality industry perspective, advance booking can help hoteliers and other businesses adjust staffing, pricing and other factors to offer a better experience. While Cabutti of JW Marriott Venice Resort & Spa acknowledges that “the early booking trend results in higher room rates,” it also enables businesses to better meet guests’ needs.

Persons: it’s, they’ve, ” Dino Triantafillou, Triantafillou, ” Triantafillou, Cristiano Cabutti, “ We’re, ” Cabutti, “, Stephanie Bias, Camp Aramoni, ”, ‘, Scott Keyes, ” Keyes, Keyes, Sally French, you’re Organizations: CNN, Labor, CNN Travel, Global, JW Marriott, Marriott, SDI, US State Department, Centers for Disease Control Locations: Italy, Tonica , Illinois, United States, Madrid, Santorini, Europe, Asia, Hopper’s, Saharan Africa, JW, Venice

☆ 'Really bad economics': Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation
▼ + stars: | 2023-09-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Mike Green | CNBCThe Federal Reserve "didn't do their homework" and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph Stiglitz. The Fed didn't start hiking rates until March 2022 and Chair Jerome Powell repeatedly insisted that inflation was "transitory," indicating that it could be easily tamed. watch nowInstead, Stiglitz said that the price rises were often driven by other factors, such as a shortage of key components like semiconductor chips. In an effort to drag inflation back down towards its 2% target, the Fed has now hiked interest rates 11 times in total to a target range of 5.25%-5.5%, the highest level for more than 22 years. American auto companies forgot to put in orders for chips, and for want of a chip, you can't make a car."

Persons: Mike Green, Joseph Stiglitz, Jerome Powell, Stiglitz, CNBC's Steve Sedgwick Organizations: CNBC, Federal, Fed Locations: U.S

☆ Goldman Sachs sees Salesforce rallying more than 50% after strong earnings
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Salesforce 's latest earnings have Goldman Sachs even more excited for the tech stock's future. A day earlier, Salesforce reported fiscal second-quarter earnings and revenue that beat expectations , while also issuing better-than-forecasted guidance for the current quarter. Goldman Sachs analyst Kash Rangan raised his price target on Salesforce by $15 to $340 per share, implying upside of 58.1%. His price target would mark a continuation of this year's rally, with the stock already up more than 62% in 2023. "Salesforce delivered strong results, even despite the negative investor sentiment heading into the print," he said.

Persons: Salesforce, Goldman Sachs, Kash Rangan, Rangan, couldn't, Brad Sills, Brad Zelnick, Lenschow, — CNBC's Michael Bloom Organizations: Microsoft, Adobe, Intuit, Autodesk, of America, Deutsche Bank Locations: CY24, reaccelerating

And, in the meantime, our China-focused names are poised to ride out the storm, while finding alternate routes to growth. Beyond the housing-sector woes, manufacturing activity is shrinking, a youth unemployment crisis is a ballooning, and consumer spending remains sluggish. With these macroeconomic headwinds holding back growth for some of the Club's key holdings, here's why we're sticking with these China-exposed names — and how each is responding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Lauder, Estee Lauder, we're, Tim Cook, That's, Bernstein, WYNN, Wynn, Stifel, Jim Cramer's, Jim, Yan Daming Organizations: Wall, Research, CNBC, Big Tech, Starbucks, Wynn Resorts, WYNN, Wynn, Visual China, Getty Locations: China, Beijing, Asia, Pacific, Hainan, India, Taiwan, Hong Kong, Americas, Europe, U.S, Macao, Wynn, Nanjing, Shanghai

☆ China's economy is entering a 'structural hard landing' as growth will remain low
▼ + stars: | 2023-08-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy will struggle for at least the next year, TS Lombard strategists said. The research firm estimated China's growth would remain under 5% through 2024. That implies the nation's economy will slip into a "structural hard landing," strategists said. AdvertisementAdvertisementMeanwhile, turmoil in China's real estate and stock market helped wipe away recent wealth gains, which initially was thought would help economic growth once China's economy reopened. Other analysts have warned of long-term problems for China's economy, given that the nation is also slammed with high debt levels and an aging population.

Persons: TS Organizations: Service, People's Bank of China Locations: Wall, Silicon, China

☆ Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. "Despite the inevitable SEC appeal, to our mind there is no doubt now, spot BTC ETFs are coming to the US. He also expects pent up U.S. demand to positively impact bitcoin prices and help global acknowledgement of crypto as a new asset class. The SEC last year rejected Grayscale's application for a spot bitcoin ETF, arguing the proposal did not meet anti-fraud and investor protection standards. So far this month and despite Tuesday's sharp gains, both bitcoin and ether were down 6% and nearly 8%, respectively.

Persons: Dado Ruvic, Tim Bevan, Gertrude Chavez, Dreyfuss, Tom Wilson, Alun John, Josie Kao Organizations: REUTERS, Securities and Exchange Commission, SEC, District of Columbia, BTC, ETC Group, U.S, Supreme, Fidelity, Federal Reserve, Thomson Locations: District, Washington, New York, London

☆ You can shop Drake's virtual $100 million mansion for everything from a $3,000 robe to a $69 Hotline Bling pool float
▼ + stars: | 2023-08-29 | by ( Dominick Reuter | Madeline Stone | ) www.businessinsider.com time to read: +2 min

Fans can explore and buy exclusive products through a digital rendering of Drake's Toronto mansion. Shopify's latest tool allows the rap star to partner with other brands for unique merch drops. True to form, his approach has been a bit unconventional, with a flagship e-commerce site modeled off his $100 million Toronto mansion, The Embassy. Rather than scroll through the same-old grid of product listings, fans can explore various virtual rooms strewn about with items to buy, all powered by Shopify's e-commerce platform. Shopify Collective is one of several new business-to-business initiatives the company has announced recently, and on the earnings call Finkelstein highlighted the launch of dozens of new B2B features in the last year alone.

Persons: Drake, Everette Taylor, Harley Finkelstein, Finkelstein Organizations: Service, Shopify's Locations: Toronto, Wall, Silicon, Canadian, Embassy

☆ The parents hiking America’s longest trails with five kids
▼ + stars: | 2023-08-28 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

Party of sevenOlen Netteburg (far left,) his wife Danae and their five children Lyol, Zane, Addison, Juniper, and Piper on the Continental Divide Trail. “We started reading some articles online to the kids about the Pacific Crest Trail and the Continental Divide Trail,” says Olen. Once things had settled down, they began reading up on “everything about having a baby in the wilderness” in order to be able to take on the Continental Divide Trail with their newborn. But having to carry a newborn along with them didn’t slow this hiking family down at all. In fact, they were able to complete Continental Divide Trail in six months, a month less time than the Appalachian Trail had taken them.

Persons: Olen Netteburg, Lyol, Zane, Piper, Danae, Danae Netteburg, Olen, ”, “, they’d, “ pare, “ We’d, They’ve, “ They’re, Olen’s, they’ve, Charles Dickens ’, Lucy Maud Montgomery’s “ Anne of, “ We’re Organizations: CNN, Triple Crown, CNN Travel, Canadian Rockies, West, Triple, Lucy Maud Montgomery’s “ Anne of Green Gables, Association, Coalition, Distance, Camino Locations: America, Georgia, Maine, New Mexico, Montana, Addison, Juniper, Zane, Mexico, California , Oregon, Washington, Canada, Chad, Africa, Pennsylvania, Uinta, Utah, Mount Springer , Georgia, Katahdin , Maine, North America, Oregon, Piper, California, Santiago, Spain, New Zealand

☆ It's the return of the tech IPO. Instacart says it's profitable — and this may be the necessary secret ingredient for a hot market debut in 2023.
▼ + stars: | 2023-08-25 | by ( Samantha Stokes | Melia Russell | Vishal Persaud | ) www.businessinsider.com time to read: +5 min

Tech startups Instacart and Klaviyo filed to go public, marking the return of the tech IPO. Instacart and others going public are profitable, a bar others may have to meet to be successful. That's when software company HashiCorp and cloud tech company Samsara went public. Instacart revealed profits of $428 million in 2022 and $242 million for the first six months of 2023. AdvertisementAdvertisementThat Instacart and Klaviyo are profitable could make them attractive to investors who became skittish in the downturn.

Persons: Klaviyo, Instacart, Tom Loverro, Loverro, IPOs, hasn't, Joe Kaiser, Kaiser, Cava Organizations: Morning, IPOs, P, Sequoia Capital, D1 Capital Partners, Summit Partners, Mercato Partners, Nasdaq, Enterprise Locations: Cava

☆ Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook
▼ + stars: | 2023-08-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Revenue was 67.96 billion Chinese yuan ($9.33 billion), up 33.4% from 50.93 billion yuan posted in the same period a year ago. The firm also swung to profit of 4.69 billion Chinese yuan for the second quarter, compared to a loss of 1.11 billion Chinese yuan a year ago. Many merchants had to suspend their business, while consumers chose to stock packaged food instead of ordering fresh food delivery. Meituan leads China's food delivery market, holding almost 70% of the market share in the mainland, according to a 2022 report on Meituan. Besides food delivery, the tech firm also operates various services including ride-hailing, on-demand delivery, hotel and travel booking, movie ticketing, entertainment and lifestyle services.

Persons: Yan Cong, Wang Xing, Wang, Meituan, Doksuri, Xiaolin Chen, Chen, CNBC's, Pony.ai Organizations: Bloomberg, Getty, Revenue, Consumers, Hong, HK, Fitch Locations: Beijing, China, Yan, Hong Kong, Tianjin, Hebei, Shanxi, Henan, KraneShares

☆ The earnings and economic data shows the consumer is still in control of the economy
▼ + stars: | 2023-08-23 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

Moody's says that consumer savings rates are rising after bottoming out in June 2022. "We still see it as a normalization, not a deterioration story when we talk about consumer credit.'' But consumer loan delinquency rates are at 2019 levels, and below any level ever seen before 2014, according to Federal Reserve data. At JPMorgan, mortgage credit quality is so solid that the bank reported no net chargeoffs in the second quarter. Overall, the Bureau of Economic Analysis says consumer spending on new vehicles rose $40 billion to $642.4 billion in the first half of the year, with most gains coming in the second quarter.

Persons: Brandon Bell, Arun Sundaram, haven't, Alastair Borthwick, Moody's, Scott Hoyt, Jeremy Barnum, it's, Barnum, David Fieldhouse, Hoyt, Sundaram, Horton, Goldman Sachs, Goldman Organizations: Chevrolet, Knapp, Getty, Amazon, Walmart, Home Depot, Bank of America, CFRA, Atlanta Federal Reserve Bank, JPMorgan Chase, Federal Reserve, JPMorgan, Federal, Wall, General Motors, GM, Ford, U.S, Toll, Pride Locations: Houston , Texas

Medtronic Plc logo is seen displayed in this illustration taken, April 10, 2023. Medtronic, which makes pacemakers, catheters and other tools used in heart and gastrointestinal surgeries, joins rivals, including Abbott Laboratories (ABT.N), Stryker (SYK.N) and Boston Scientific (BSX.N), on benefiting from a rise in non-urgent surgeries. CEO Geoff Martha said trends pointed to a recovery in surgical volumes as some procedures returned to stronger than pre-pandemic levels. Whereas, revenue from its medical surgical unit rose 5.5% to $2.04 billion. Medtronic also said that it was expecting to split its patient monitoring and respiratory interventions businesses in the first half of fiscal 2025.

Persons: Dado Ruvic, Stryker, Geoff Martha, It's, Martha, Edward Jones, John Boylan, Medtronic, Bhanvi Satija, Christy Santhosh, Shweta Agarwal Organizations: REUTERS, Abbott, Abbott Laboratories, Boston, Thomson Locations: Dublin, Bengaluru

☆ Top Wall Street analysts pound the table on these 5 stocks
▼ + stars: | 2023-08-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

One strategy is to track the investment ideas of Wall Street pros and glean valuable insights into making successful stock decisions. To that end, TipRanks, a platform that ranks analysts based on their past performance, has identified five stocks well liked by top-ranking analysts. Earlier this month, the company trounced analysts' second-quarter earnings estimates and returned to double-digit revenue growth. In particular, Feinseth expects RCL's "Perfect Day at CocoCay" private island resort to be a key growth driver and industry differentiator, which could fuel significant incremental revenue growth and yields. Feinseth holds the 266th position among more than 8,500 analysts on TipRanks.

Persons: Sachin Mittal, Mittal, Goldman Sachs, Eric Sheridan, Sheridan, Datadog, Kash Rangan, Rangan, Ivan Feinseth, Feinseth Organizations: Nasdaq, Amazon, TipRanks, Royal, Tigress, Netflix Locations: Mobile, Caribbean, North America

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

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